Ghana

Ghana Online Payments:Mobile Providers & Banks

29.5Million People

6.2Million Mobile Subscribers

8.5Million Mobile Payments Users

The nation has a vibrant economy and a GDP Annual growth rate averaged 6.94 percent from 2000 until 2017. As a result, both internet and mobile are seeing increased penetration. The 2016 estimate shows mobile penetration at 127.63% and internet at 19.6% equivalent to 34.57 Million users. Connectivity and reliability are improving as infrastructure is being updated.

Regulation of Online Payments in Ghana

Ghana’s government has launched initiatives to expand use of mobile broadband nationally and has not regulated or restricted online or mobile payments. Ghana businesses that accept online payments must comply with the credit card companies’ standards and regulations, as well as with the Payment Card Industry (PCI) Data Security Standard.